WASHINGTON, Jan 30 (Reuters) – The decision whether to
eliminate a 40-year-old ban on most U.S. crude oil exports
should hinge on whether it would lead to higher domestic retail
gasoline prices, Ron Wyden, chairman of the Senate Energy
Committee, said on Thursday.
The panel held its first hearing in 25 years on whether the
restrictions should be lifted, responding to a strong push by
oil producers and business groups who are seeking to change the
policy as domestic energy production soars.